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OPEC
ōu
péi
extend
yán
zhǎng
le
production
jiǎn
chǎn
cut
huà

June
liù
month
yuè
two
èr
day
hào
OPEC
ōu
péi
plus
jiā
announce
xuān
extend
yán
zhǎng
production
jiǎn
chǎn

June 2, 2024 at 1:00 PM

OPEC
ōu
péi
plus
jiā
decide
jué
dìng
extend
yán
zhǎng
production
jiǎn
chǎn
voluntary
yuàn
production
jiǎn
chǎn
volume
liàng
is
shì
three
sān
point
diǎn
six
liù
liù
hundred
bǎi
ten thousand
wàn
barrel
tǒng
this
zhè
will
jiāng
continue
chí
dào
next
míng
year
nián
Saudi
shā
ā
Arabia
and
Russia
é
luó
willing
yuàn
production
jiǎn
chǎn
some
xiē
country
guó
jiā
get
huò
le
more
gèng
duō
quota
míng
é
this
zhè
is
shì
wéi
le
support
zhī
chēng
oil
yóu
price
jià

New Words

oupeke
欧佩克
OPEC
jueding
决定
decide
yanzhang
延长
extend
jianchan
减产
production reduction
ziyuan
自愿
voluntary
shate
沙特
Saudi
mingE
名额
quota
youjia
油价
oil price
gongyng
供应
supply
jiage
价格
price

News in English

Business

OPEC plus extends oil production cuts until 2025

On June 2, OPEC plus announced production cut extension.

OPEC and plus decided to extend production reduction. Voluntary production reduction volume is 3.66 million barrels. This will continue into next year. Saudi Arabia and Russia are willing to reduce production. Some countries obtained more quota. This is to support oil price.

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